Khyc Foundation
Nonprofit profile at a glance
- EIN
- 813490443
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Redondo Beach, CA, USA
- Phone
- 0000000000
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $34,108
- Expenses
- $35,984
- Assets
- $8,628
- Liabilities
- $2,162
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
People named in this filing
- Kari Keidser (PresidentDirector)
- Janine Thompson (SecretaryDirector)
- Lee Coller (TreasurerDirector)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The specific purpose of the Corporation shall be primarily to support and encourage boating and access to the ocean and ocean related sports and other nonprofit organizations that organize encourage and sponsor yachting and yacht racing in and about the waters of Southern California and secondarily to support other charitable endeavors This purpose will be accomplished by organizing and hosting charity events specifically including but not limited to the annual King Harbor Yacht Club Holiday Boat Parade charity event to raise funds to be directed towards charitable endeavors This corporation may also carry out other charitable and educational activities associated with these goals as allowed by law
What it reported doing in 2025
Tom Collier Regatta for Hope - Supporting Cancer Research at the Cedars Sinai Medical Center
Operating model
- Revenue model
- Donor-supported. 86% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 6
- Transparency & Controls: 100
- Sustainability: 30
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 5.7%; rating input score 6
- Program expense ratio: 5.4%; rating input score 5
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -5.5%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.25; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -10.8% per year; rating input score 0; 27th percentile among comparable filings
- Revenue growth: -56.7% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 5.7% of revenue deployed · 5.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 6/100.
- High — Financial Efficiency: Program expense ratio scored 5/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.